Hello,
My father owns flat in Navi Numbai that was bought under Central government employees scheme.
He expired in Dec 2013. My mother is the nominee and also 50% owner on the share certificate.
We applied to our Co-operative Housing society to transfer 100% shares on my mother's name by submitting the nomination copy and my father's death certificate. However our society has given a letter that we need to submit to Cidco which says the shares would be transferred subject to approval from Cidco. Also our society referred us to an agent who is charging Rs. 16,000 (for which he will not provide any receipt)+ Rs. 5,000 (for which he will provide Cidco receipt).
I donot find any mention in the Bye-law # 34 that we need to apply to Cidco. Also we have friends living in cooperative housing societies in Mumbai and Navi Mumbai who transfer shares in the name of the nominee of the deceased by charging just a nominal fee.
1. Can you please let me know that we need Cidco approval because we had bought flat under Central govt employees scheme?
2. If so how complicated is it to get approval from Cidco? Can I do it without approaching any agent? Is there a sandard process to do it?
